Financials Ramkhamhaeng Hospital

Equities

RAM

TH0259A10Z01

Healthcare Facilities & Services

End-of-day quote Thailand S.E. 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
30 THB -1.64% Intraday chart for Ramkhamhaeng Hospital -0.83% -16.67%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 33,480 47,700 64,500 43,200 36,000 - -
Enterprise Value (EV) 1 33,480 47,700 64,500 52,149 47,662 47,517 36,000
P/E ratio 53 x 11.4 x 30.9 x 27.9 x 25.3 x 22.2 x 19.7 x
Yield - 1.91% 2.05% - 2.12% 2.32% 2.52%
Capitalization / Revenue - 3.77 x 6.75 x 4.48 x 3.57 x 3.3 x 3.08 x
EV / Revenue - 3.77 x 6.75 x 5.41 x 4.72 x 4.36 x 3.08 x
EV / EBITDA - 6.76 x 23 x 31.6 x 23.7 x 20.6 x 14.1 x
EV / FCF - 19.8 x - -201 x -55.8 x 30.2 x 24.8 x
FCF Yield - 5.06% - -0.5% -1.79% 3.31% 4.03%
Price to Book - 2.78 x 3.33 x 2.33 x 1.81 x 1.73 x 1.64 x
Nbr of stocks (in thousands) 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 - -
Reference price 2 27.90 39.75 53.75 36.00 30.00 30.00 30.00
Announcement Date 01/03/21 01/03/22 02/03/23 01/03/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 12,664 9,561 9,634 10,092 10,907 11,688
EBITDA 1 - 7,054 2,805 1,650 2,015 2,312 2,554
EBIT 1 - 6,068 1,807 614.3 826 1,028 1,200
Operating Margin - 47.92% 18.9% 6.38% 8.18% 9.42% 10.27%
Earnings before Tax (EBT) 1 - 5,844 2,575 1,694 1,668 1,956 2,214
Net income 1 632.1 4,193 2,088 1,551 1,447 1,628 1,829
Net margin - 33.11% 21.84% 16.1% 14.33% 14.92% 15.65%
EPS 2 0.5260 3.490 1.740 1.290 1.187 1.353 1.523
Free Cash Flow 1 - 2,412 - -259.8 -854.1 1,572 1,452
FCF margin - 19.05% - -2.7% -8.46% 14.41% 12.42%
FCF Conversion (EBITDA) - 34.19% - - - 68% 56.85%
FCF Conversion (Net income) - 57.53% - - - 96.58% 79.39%
Dividend per Share 2 - 0.7600 1.100 - 0.6367 0.6967 0.7567
Announcement Date 01/03/21 01/03/22 02/03/23 01/03/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 3,210 - - 2,679 2,298 - 2,530 2,387 2,395
EBITDA 1 - 877.4 - 626.2 460.5 477.8 512.5 334.9 590.9
EBIT 1 - 667.4 - 358.1 151.8 665.5 260.2 110.7 326.3
Operating Margin - - - 13.37% 6.61% - 10.28% 4.64% 13.62%
Earnings before Tax (EBT) 1 - 959.2 - 470.9 284.3 696.4 547.3 165.8 403
Net income 1 - 706.5 479.3 618 267.2 476.5 478.4 329.2 343.2
Net margin - - - 23.07% 11.62% - 18.91% 13.79% 14.33%
EPS - 0.5900 0.4000 0.5200 0.2200 0.4000 0.4000 0.2700 -
Dividend per Share - - - - - - - - -
Announcement Date 01/03/22 17/05/22 16/08/22 15/11/22 15/05/23 16/08/23 15/11/23 01/03/24 16/05/24
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 8,949 11,662 11,517 -
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - - 5.422 x 5.788 x 4.982 x -
Free Cash Flow 1 - 2,412 - -260 -854 1,572 1,452
ROE (net income / shareholders' equity) - 28% 11.2% 8.21% 7.7% 8.4% 9%
ROA (Net income/ Total Assets) - 13% 5.35% 3.74% 4.41% 5.01% 5.4%
Assets 1 - 32,352 39,013 41,512 32,804 32,488 33,864
Book Value Per Share 2 - 14.30 16.20 15.50 16.60 17.40 18.30
Cash Flow per Share 2 - 2.660 2.000 2.030 2.290 2.680 3.000
Capex 1 - 786 - 2,697 1,331 949 729
Capex / Sales - 6.2% - 27.99% 13.19% 8.7% 6.24%
Announcement Date 01/03/21 01/03/22 02/03/23 01/03/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
30 THB
Average target price
33.67 THB
Spread / Average Target
+12.22%
Consensus
  1. Stock Market
  2. Equities
  3. RAM Stock
  4. Financials Ramkhamhaeng Hospital